Islamic Banking and Financial Crisis

Habib Ahmed is the ‘Sharjah Chair in Islamic Law and Finance’ at Durham University. Prior to joining Durham University in August 2008, he worked at the National Commercial Bank and Islamic Development Bank (IRTI) in Saudi Arabia and taught at the University of Connecticut, National University of Singapore, and University of Bahrain. Mehmet Asutay is Reader in ‘Middle Eastern and Islamic Political Economy and Finance’ at the School of Government and International Affairs, Durham University, and he is also the Director of the Durham Doctoral Training Session for Islamic Economics and Finance. He mainly teaches and researches Islamic Political Economy and Islamic Finance subjects; and supervises masters and doctoral research on various aspects of Islamic moral economy and finance; political economy of the Middle East; and economic development related subjects. Professor Wilson was the founder of the Islamic finance programme at Durham University in the United Kingdom where he continues to be an Emeritus Professor. He was a Visiting Professor at the Qatar Faculty of Islamic Studies in from 2009 untill 2012 and since 2013 has been an Emeritus Professor at the International Centre of Education in Islamic Finance (INCEIF), Kuala Lumpur. Professor Wilson was awarded the IDB prize in Islamic banking in 2014 in recognition of his academic work on the subject.

‘This book furthers the literature comparing Islamic and conventional banking during and after the most recent crisis. However, it also moves beyond that explicitly comparative method. Although there are a host of similarities between Islamic banking and its conventional counterpart, there are also differences without which the claim to being distinctive and distinctively Islamic would fall away. As a result the chapters in this collected volume comprise original innovation thereby advancing the existing literature.’

• List of FiguresList of TablesList of ContributorsReflecting on Islamic Banking and Financial Crisis: Risks, Reputation and StabilityHabib Ahmed, Mehmet Asutay and Rodney WilsonReshaping the Islamic Finance Industry: Applying the Lessons Learnt from the Global Financial CrisisRafe Haneef and Edib SmoloAssessing the Resilience of Islamic Banks: An Empirical AnalysisRania Abdelfattah and Ahmed BadreldinStability of Islamic Banks: A Comparison of Conventional and Islamic BanksMatthias VerbeetIslamic Banks’ Financing Behaviour: A Pilot StudyMohd Afandi Abu Bakar, Hjh Radiah Abdul Kader and Roza Hazli ZakariaRisk Management Practices of Islamic Banks: International EvidenceRomzie Rosman and Abdul Rahim Abdul RahmanLiquidity Risk Evidence Management and Financial Performance of Islamic Banks: Empirical EvidenceNoraini Mohd Ariffin and Salina Hj. KassimRisk Management and Islamic Forward ContractsSherin KunhibavaEnhancing Governance, Accountability and Transparency in Islamic Financial Institutions: An Examination into Sharīah Internal Control AuditZurina Shafii and Supiah SallehSharah Report: A Potential Tool for Sharah Non-compliant Risk ManagementAbdou Diaw and Irawan FebiantoA Survey of Sharīah Governance in Islamic Financial Institutions in Malaysia, GCC Countries, and the UKZulkifli HasanTowards Genuine Sharah Products with Lessons of the Financial CrisisAbdulazeem AbozaidIndex